64 Arthur St, Manistee, MI 49660-1102
This exceptional 2,800 square foot industrial property, situated on a 0.57-acre lot at 64 Arthur in Manistee, Michigan, presents a remarkable investment opportunity. Boasting prime visibility and high traffic counts due to its location on US-31, this building offers significant potential for a variety of businesses. The structure, formerly home to Glass Specialties, comprises two distinct 70' x 40' garage bays, each complete with its own forced-air furnace, central air conditioning system, ample workspace, and a restroom. This dual-bay setup allows for flexible use, enabling the owner to occupy one bay and lease the other for additional income, or utilize the entire space for a larger operation. The property's versatility makes it suitable for a range of industrial uses, while its prior use as a glass specialty shop could be advantageous for a similar business. Beyond the functional aspects, the property offers the added benefit of scenic Manistee Lake views. The asking price is $199,000. This is a rare opportunity to acquire a well-equipped, strategically located industrial property with substantial upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.